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NGL Energy Partners NGL Liquids Logistics — Goodwill impairment

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Other financials

Income statement

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Revenue$949.5M-2.2%
Gross profit$217.3M-17.0%
Operating income$109.7M+29.5%
Net income-$287.7M-2,196%
EPS (diluted)-$0.54

Balance sheet

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Cash & equivalents$8.5M+50.6%
Total debt$3.4B+8.9%
Total equity$119.5M-26.5%
Total assets$4.2B-9.4%

Cash flow

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Operating cash flow$110.0M-29.0%
CapEx$31.6M-16.4%
Free cash flow$78.4M-33.1%

Valuation

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Market cap$2.17B+305%
Enterprise value$5.51B+56.1%
P/S0.7×+0.5×

Profitability

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Gross margin30.9%+3.1pp
Operating margin12%
Net margin-4.5%-5.6pp
FCF margin4.6%+3.1pp

Returns & leverage

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Return on equity112.8%+89.0pp
Debt / equity25.6×+5.9×
Current ratio-0.3×

Where this comes from

Reported directly by NGL Energy Partners in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: NGL Energy Partners’s 10-K, filed May 28, 2026.

Filed
May 28, 2026, 4:25 PM EDT
Fiscal year
FY2026
Accession
0001504461-26-000012
Line itemWater SolutionsCrude Oil LogisticsLiquids LogisticsTotal
Goodwill at March 31, 2024$279,202$309,971$28,058$617,231
Impairment(17,883)(17,883)
Goodwill at March 31, 2025279,202309,97110,175599,348
Impairment(247,842)(247,842)
Goodwill at March 31, 2026$279,202$62,129$10,175$351,506

Item 16. Form 10-K Summary

FAQ

What is NGL Energy Partners's liquids logistics — goodwill impairment?
NGL Energy Partners (NGL) reported liquids logistics — goodwill impairment of $0 in Q1 2026.
How has NGL Energy Partners's liquids logistics — goodwill impairment changed year-over-year?
NGL Energy Partners's liquids logistics — goodwill impairment decreased by 100.0% year-over-year, from $17.9M to $0.
What does liquids logistics — goodwill impairment mean?
The amount by which the carrying value of goodwill in the Liquids Logistics segment exceeds its implied fair value, requiring a write-down. This metric signals a decline in the expected future economic benefits or market value of the segment's acquired businesses.

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